Partners Matthew Hearn, David Holdsworth, Nicole Kar and Dan Schuster-Woldan shared their insights on UK public M&A activity so far this year with LexisNexis Market Standards for its “Market Standards Trend Report: Trends in UK Public M&A Deals in H1 2025.” The partners discussed the various factors that contributed to a quieter start to dealmaking in first half of 2025 than anticipated, followed by a notable increase in activity towards the end of the half-year, as well as their cautious optimism about a steady flow of deals expected for the rest of the year.
They touched on specific trends, including a marked uptick in the number of offers involving reverse break fees and competitive situations; a comparative decrease in the volume of higher value bids by financial sponsors; the continued domination of North American bidders driving inbound public M&A activity; the strong interest in tech companies as strategic targets; and recent developments in the legal and regulatory sphere, among others.